RCP_
Long

Small push EURUSD

FX:EURUSD   Euro / U.S. Dollar
223 2 4
Small push EURUSD             .
- Consolidation has finished
- Rest on fib retrace level
- RSI 40 level broken once again
- New MAGNUS cycle likely to begin

Play safe and only small stake on this one. Tight stop loss.
your SL is wrong. It has to be below previous swing low ( below 1.07248 as on your chart). Tight SL never works. If trader cannot afford SL - he/she should not take the trade.
Reply
RCP_ Nightwish
Hello Nightwish,

Thank you for your comment.

I tend to agree, but the reason for the tight stop on this trade - above the latest swing - is because of the strength. This stop is not placed due to heavy leverage/lack of cash.

Sincerly,
Robert
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out